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Bitcoin (BTC) Price Review

王林
Release: 2024-07-11 10:36:02
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Bitcoin (BTC) is also another gainer in today's session, as evidenced by its price movements. Looking at an in-depth analysis, we see that the Bitcoin

Bitcoin (BTC) Price Review

The bulls are showing strength in today’s market session, which is evident from the increase in the global market cap. At the time of writing this report, the total cap was at $2.57T, which shows a 2.27% increase over the last 24 hours. The trading volume was also up by 52.4% over the same period, standing at $70.3B.

Bitcoin Price Review

Bitcoin (BTC) is also showing some gains in today’s session, which can be seen from its price movements. Taking a closer look at the 4-hour chart, we can see that the Bitcoin price is consolidating with the bands starting to converge slightly, indicating decreased volatility. The price has moved between the upper and middle bands, showing some bullishness but a lack of strong momentum.

On the other hand, the ADX line shows a value below 20, which signifies weaker trend strength. This suggests that the current price movement lacks solid directional momentum. At the time of writing this report, the Bitcoin price was at $69.091, which shows a 0.6% increase in valuation over the last 24 hours.

Ethereum Price Review

Ethereum (ETH) is also showing gains in today’s session. An in-depth analysis shows that the Ethereum price is above the cloud, which is typically a bullish signal that indicates a potential continuation of the uptrend. However, recent candles are forming close to the cloud’s top, suggesting possible resistance or consolidation.

On the other hand, the Woodies CCI is around the zero line, which shows that the Ethereum price is in relative equilibrium without significant momentum away from the typical price range. At the time of writing this report, the Ethereum price was at $69.091, which shows a 0.6% increase in valuation over the last 24 hours.

Chilliz Price Review

Chilliz (CHZ) is another gainer in today’s session, as can be seen from its price movements. The supertrend indicator has recently turned green, which can be interpreted as a bullish signal. This suggests that there might be a potential upward movement if the price stays above the supertrend line.

On the other hand, the Volume Oscillator shows increased volume, indicating more vital buying interest that can support the ongoing uptrend. At the time of writing this report, the Chilliz price was at $0.1384, which shows a 16.17% increase in valuation over the last 24 hours.

Core DAO Price Review

Core DAO (CORE) was also another gainer in today’s session, as its price increased. In-depth analysis shows that the alligator’s lines are intertwined, and the price action is close to these lines, indicating a possible phase of consolidation or lack of a strong trend.

On the other hand, the Awesome Oscillator (AO) is in a transition from red to green bars, suggesting a shift towards bullish momentum. However, the market is still deciding on a clear direction. At the time of writing this report, the Core DAO price was at $2.20, which shows a 10.4% increase in valuation over the last 24 hours.

Dogwifhat Price Review

Dogwifhat (WIF) is also among the gainers in today’s session, as can be seen from its price movements. Taking a closer look at the 4-hour chart, we can see that the Dogwifhat price is currently in the upper section of the pitchfork, showing some bullish momentum. However, resistance near the upper line of the pitchfork could lead to a consolidation or reversal.

On the other hand, the Awesome Oscillator (AO) shows green bars, suggesting increasing bullish momentum. However, close observation is necessary to confirm whether this trend will be sustained. At the time of writing this report, the Dogwifhat price was at $3.10, which shows a 7.8% increase in valuation over the last 24 hours.

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source:kdj.com
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